Citi has won Asia’s Best Bank for 2022 at the Euromoney Awards for Excellence.

Decided on by the editors of Euromoney magazine, the award recognizes that the bank has made the most progress in the region over the last 12 months. Regionally, Citi also picked up Best Bank for Financing and Best Bank for Transaction Services in Asia.

According to Mr. Peter Babej, Asia Pacific CEO for Citi, Citi has a clear vision to be the preeminent banking partner for institutions with cross-border needs and a leader in wealth management. “The Euromoney award as Best Bank in Asia represents recognition of this strategy and the exceptional dedication of our team,” he said. “As we celebrate 120 years in Asia, I would like to thank our clients for the tremendous trust they place in Citi, and to reaffirm our excitement about supporting their growth across Asia and worldwide.”

Over the last year, Citi has raised more than $200 billion from global capital markets for Asia-Pacific clients, including around $30 billion via ESG financings; both of which are a record for the bank over a year.

Citi announced Hong Kong (China) and Singapore as two of the bank’s global wealth hubs and also announced plans to hire 3,000 people across its Institutional Clients Group to support client-led growth in the Asia-Pacific. The bank also added 7,500 new corporate digital accounts via Citi Direct.

Citi’s network-driven strategy enables the bank to help its clients grow in any country where they do business. This includes multinationals who are expanding globally, Asian companies that are expanding within the region, and Vietnamese companies that have regional or global aspirations.

The bank has raised close to $6 billion from global capital markets to support the growth aspirations of Vietnamese clients in the last five years.

“We are also witnessing increasing investments into Vietnam by our multinational clients, and our priority is to support these flows,” Mr. Babej said. “In essence, we are serving our clients as the network bank that connects the world to Vietnam and Vietnam to the rest of the world.”